Suncor Energy Inc. (TSE:SU) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Suncor Energy Inc. (TSE:SU - Get Free Report) NYSE: SU have been assigned an average rating of "Moderate Buy" from the fourteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$62.73.

A number of equities analysts have weighed in on the stock. Scotiabank upgraded shares of Suncor Energy to a "hold" rating in a report on Wednesday, March 19th. TD Securities lowered their price target on Suncor Energy from C$63.00 to C$61.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. National Bankshares upped their price target on Suncor Energy from C$65.00 to C$68.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Royal Bank of Canada reduced their price objective on Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. Finally, Tudor Pickering raised shares of Suncor Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th.

Suncor Energy Trading Up 0.6 %

TSE SU opened at C$49.74 on Friday. The company has a 50-day moving average of C$50.81 and a 200-day moving average of C$53.27. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. Suncor Energy has a 12 month low of C$43.59 and a 12 month high of C$58.58. The company has a market cap of C$62.39 billion, a P/E ratio of 7.85, a P/E/G ratio of 0.15 and a beta of 1.47.

Suncor Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, March 4th. This represents a $2.28 annualized dividend and a dividend yield of 4.58%. Suncor Energy's dividend payout ratio is presently 34.42%.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen.

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